PERAK CORPORATION BERHAD
Malaysia | 8346.KL | Main
Reference
Report Year: 2023
Source Files: AR_2023_PART_1.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Perak Corporation Berhad's GHG accounting in 2023 lacks comprehensive data, with no reporting on Scope 1, 2, or 3 emissions. The report does not specify a base year, boundary, or inventory details, nor does it mention the use of any standard like GHG Protocol or ISO 14064. There is no evidence of third-party verification, which undermines data credibility. While the company shows intent to reduce carbon footprint through initiatives like solar energy, the absence of measurable emission data is a significant gap. Improvement is needed in establishing a robust GHG inventory, adopting international standards, and seeking third-party verification to enhance transparency and accountability in environmental performance tracking.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
Efforts
- 20,242 kg CO₂ reduction 🟢
- Reduced paper waste 🌱
- Solar energy adoption 🌞
- Hydroponic urban farming 🌱
Social Highlights
- MYR 1.03M community investment 🟢
- 119 beneficiaries 🥗
- 58% executives trained 🟢
- Iftar program for welfare 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in Perak Corporation Berhad’s 2023 sustainability report, with a clear focus on integrating ESG practices across operations 🟢. The report highlights initiatives like solar energy adoption and community investments with quantifiable metrics such as MYR 1.03M invested and carbon reductions from solar panels. However, significant gaps exist, particularly in GHG emissions data, with no reporting on Scope 1, 2, or 3, and a lack of third-party verification ⚠️. Many statements remain generic, such as 'committed to sustainability,' without measurable outcomes or detailed forward-looking targets beyond a 5-year strategic plan. To strengthen credibility, the company should prioritize detailed emissions accounting, set specific net-zero targets, and incorporate independent assurance for data reliability. This would elevate the report from a foundational effort to a robust sustainability disclosure.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.